World News – GB – Crowd-funding platforms Seedrs and Crowdcube announce plans to merge

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Crowdfunding platforms Seedrs and Crowdcube have announced their intention to merge, creating one of the largest private equity markets in the world

In a statement this morning, the companies said the deal would create a « more robust » business, allowing it to help fund more businesses

Crowdcube will acquire all of the outstanding share capital of Seedrs, with existing Crowdcube shareholders and option holders owning 60% of the merged companies

Seedrs shareholders and option holders will own 40% of the merged company as a result of the transaction, which is expected to close later this year or early 2021

“Going forward, the merged company will aim to deliver new innovations and products that will make it easier for ambitious companies to raise growth funds, more affordable and more valuable, and for investors to have a choice. even wider investment opportunities with richer investment tools, ”the companies said in a joint statement today

Following the merger, Seedrs boss Jeff Kelisky will become managing director, while Crowdcube co-founder Darren Westlake will serve as executive chairman of the combined company

Firms have yet to announce how they plan to combine their teams, clients, brands, services or technologies

They will continue to operate as separate entities pending approval by the court, the financial conduct authority, the competition and markets authority and the two groups of shareholders.

Seedrs, Crowdcube, financial technology, finance, private equity, mergers and acquisitions, equity crowdfunding, Darren Westlake

News from around the world – EN – The Seedrs crowdfunding platforms and Crowdcube announce merger project


SOURCE: https://www.w24news.com

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